JLCJ A-Share Listing: Over 16.36 Million Subscribers, Lottery Rate 0.0218%, Market Cap ~RMB 46.9 Billion

Shenzhen JLCJ Technology Group Co. , Ltd. has announced the online subscription results, lottery rate, online ballot results, and preliminary offline placement results. The online issuance attracted over 16.36 million valid subscribers, with valid subscription shares exceeding 144.5 billion. After the clawback mechanism, the final lottery rate was approximately 0.0218%, and the effective subscription multiple exceeded 4,577 times. The strategic placement ultimately allocated 9.9455 million shares, accounting for about 17.90% of the total issuance. Apart from the special asset management plan for senior management and core employees, other strategic investors include Kingboard, CATL, C&D Emerging, Qianhai Hongsheng, Sigelec New Energy, KTC Technology, and Xiamen Industrial Investment, collectively receiving 4.9728 million shares, or 8.95% of the total.

JLCJ has built an integrated service system covering front-end customer service, mid-end technical support, and back-end smart factories and electronic assembly. The company has developed its own EDA industrial software, established an online ordering website and production warehousing bases, and set up five modern digital production bases. Through LCSC and PCBA services, it addresses SMD assembly needs and has expanded into the mechanical industry chain. As of the end of 2025, the online self-service ordering website had accumulated 9.5916 million registered users, with over 1.3 million paying users and more than 21.08 million annual orders.

In 2025, JLCJ's revenue exceeded RMB 10 billion for the first time, reaching RMB 10.232 billion, a year-on-year increase of 28.40%. Net profit was RMB 1.306 billion, up 23.93% year-on-year. The issuance price was RMB 84.46 per share, with 55.56 million shares publicly offered. The total share capital after issuance is 555.56 million shares, resulting in a total market capitalization of approximately RMB 46.9 billion. The diluted price-to-earnings ratio, based on the lower of net profit attributable to the parent company before and after deducting non-recurring gains and losses in 2025, is 38.19 times. Over the past three years, the compound annual growth rate of revenue was 23.34%, and net profit grew at a CAGR of 33.45%.

In 2025, PCB business revenue was RMB 3.884 billion, accounting for 39.31% of total revenue, with mass production of high-end products such as 64-layer PCBs, HDI boards, and four-layer FPCs. PCBA business revenue reached RMB 1.789 billion, up 49.68% year-on-year. Other businesses, represented by mechanical industry chain services, saw revenue growth of 77.80% year-on-year. In the first quarter of 2026, revenue was approximately RMB 3.029 billion, up 45.29% year-on-year, and net profit was about RMB 376 million, up 51.71% year-on-year. The proceeds from this public offering are planned to be invested in projects including the construction of high-multilayer PCB production lines, PCBA smart production lines, R&D centers and IT upgrades, a smart electronic components center and product line expansion, and mechanical industry chain production lines.